From 2016 to 2021, the compound annual growth rate of the switch market in the Gulf region exceeded 6%

From 2016 to 2021, the compound annual growth rate of the switch market in the Gulf region exceeded 6%

According to a report released by the Research and Markets market research institute, the compound annual growth rate of the switch market in the Gulf region is expected to exceed 6%
from 2016 to 2021.

The report pointed out that the rapid growth of electricity demand in the Gulf region is the main factor
promoting the stable and rapid development of the switch market in the region.

Factors such as population increase and industrial development are important reasons for promoting the growth of
electricity.
In addition, Gulf countries are accelerating the construction of refining and petrochemical processing infrastructure, which requires strengthening power infrastructure, including new power plants and expansion of transmission and distribution networks, which will further promote the demand growth of the switch market in the region
.

At the same time, in order to meet the growth of electricity demand, in the next few years, the Gulf countries will vigorously develop renewable energy, especially solar photovoltaic power generation, which will also continue to promote the development of
the switch market in the Gulf region.